Energy
Politicians Replaced Transelectrica CEO Five Times In Three And A Half Years
All the politicians in office at the Economy Ministry over the last four years have felt they had to appoint new chief executives at Transelectrica (TEL.RO), the company that operates the na...
Rompetrol Extends Georgian Gas Station Network To 68 Units
Romania’s second largest oil group Rompetrol has opened three new gas stations in Georgia, bringing its local network to 68 units, the group said Thursday.
Sterling Resources, GSP Sign Drilling Agreement For Two Black Sea Wells
Canadian Sterling Resources Thursday said its Romanian subsidiary Midia Resources has signed a drilling agreement with local oil and gas service company Grup Servicii Petroliere (GSP) for tw...
Regal Petroleum To Sell Romanian Subsidiary To Zeta Petroleum For $650,000
London-based oil company Regal Petroleum said Thursday it will sell its subsidiary in Romania to Zeta Petroleum for $650,000.
Electrica's Distribution Units 2011 Net Profit Rises To RON116M
The distribution branches of Romanian state-owned energy company Electrica posted a cumulated net profit of 116 million lei (EUR27.4 million) in 2011, more than double from RON47.1 million i...
Energy Regulator VP Dismissed Over Electricity Price Statements
Romania’s Prime Minister Victor Ponta on Thursday said Petru Lificiu will be dismissed as vice-president of Romania’s National Regulatory Authority for Energy ANRE, following his statements...
The Largest Companies In Romania
OMV Petrom (SNP.RO) remained the largest company in Romania in 2011, with a turnover of almost EUR4 billion, shows a ZF analysis based on data provided by the company or on ZF estimates. Thi...
Government Plans To Raise Diesel, Cigarette Duties Next Year
Romanian authorities plan to raise excise duties on diesel fuel and cigarettes again next year, with the higher taxes on tobacco to last at least until 2015, says a government document.
Hidrolectrica 2011 Net Profit Revised Down To RON6.4M
Romanian state-run hydropower generator Hidroelectrica Wednesday revised down its 2011 net profit to 6.4 million lei (EUR1.4 million), from RON15.7 million previously, as a prolonged draught...